Our research shows the co-contribution scheme does little to help low and middle-income earners. The new Albanese government should consider discontinuing it – saving hundreds of millions of dollars.
More older Australians are carrying housing debt later in life, or not owning homes at all, but lack suitable alternatives to the family home. The result is lower incomes in retirement.
Failure to further strengthen the compulsory super system would be disadvantageous to many future retirees and be an added burden on a later generation of taxpayers.
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Liberal senator Andrew Bragg is one of the Coalition backbenchers who oppose the scheduled superannuation guarantee rise to 12%. They are looking to the retirement incomes inquiry to leverage change.
Most retirees are financially secure. Many earn more than they did while working, the Grattan Institute finds.
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If you rent, you are highly likely to live in poverty in retirement. If you own your own home the pension and super will probably be enough for you.
Suncor’s plant in the oilsands in Fort McMurray Alta. Divesting in fossil fuels can not only help combat climate change, but can also increase investors’ returns, according to a new analysis.
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A recent study suggests that divesting in fossil fuels not only allows investors to address their climate change concerns, it also reduces financial risks and increases financial returns.
Add up all the neglected costs of downsizing and retirees have good reason to be wary of making the move.
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Retirees are often urged to downsize to free up suburban properties for the next generation and for higher-density development. What’s being ignored is the costs of moving into a unit or apartment.
Governments alone cannot bridge the gaps and support affordable housing for seniors.
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Any significant decline in home ownership or equity in a home impacts higher care needs: older people will not have an asset to sell to fund the bonds required to enter aged care accommodation.
At least ten cents in every dollar of superannuation assets is indirectly financing house purchases via commercial bank debt.
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What critics of the plan to use superannuation for housing miss is that Australia’s super system already channels a significant proportion of retirement savings into housing.
Super accounts for only a small proportion of the wealth of most Australians.
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The presidential candidates are largely ignoring one of the biggest economic issues facing Americans: more than half are struggling to save enough for retirement.
Retirees with higher incomes gain significant benefit from Australia’s super tax concessions.
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Despite the government windfall on offer, changing the age at which people can access their super is likely to unfairly hit retirees with lower super balances.
Retirees don’t always succeed in ensuring their retirement income lasts the distance.
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The superannuation sector argues it is competitive, but that doesn’t mean it’s efficient.
By targeting pensioners with savings with its latest budget measures, the government is incentivising them to spend, and spend big.
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